Automotive Cyber Security Market Predicted to grow at a CAGR of 25.8% from 2023 to 2033

In 2022, the market for automotive cyber security was estimated to be worth US$ 2,143.1 million; by the end of 2033, it is anticipated to be worth US$ 26,492.6 million. From 2023 to 2033, the market for automotive cyber security is anticipated to develop at a CAGR of 25.8%, valued at US$ 2,661.7 Mn in 2023.

Systems for securing communications between cars, linked devices, and the cloud are also protected by automotive cyber security. As a result, it guarantees total automotive data security and deters unauthorised access to the car.

Get Sample Copy of this Report @ https://www.persistencemarketresearch.com/samples/22591

In the coming years, it's expected that the use of telematics services for information, navigation, safety, security, diagnostics, and entertainment will grow. Autonomous and connected cars will also be widely available in the next five to ten years.

Telematics services and connected cars require the Internet for the functioning of some key applications and transferring of data. As such, they are vulnerable to cyber-threats. Automotive cyber security is a system or technology that prevents or protects the systems of a vehicle that are susceptible to any cyber-attack.

As more and more vehicles are connected to the Internet, the automotive industry is working closely with Internet service providers, software companies, and others concerned players to provide better cyber security systems to end users.

Request for Methodology @ https://www.persistencemarketresearch.com/methodology/22591

Key Takeaways from Study

• OEMs and cyber security tech players are continuously collaborating with each other to develop advanced cyber security solutions to deal with highly sophisticated attacks.
• Among the application, ADAS & safety systems are expected to witness high growth, owing to wide adoption in autonomous driving vehicles across the globe.
• Among the regions, South Asia & Pacific is exhibiting a high growth rate, owing to expected rise in automobile production over the coming years
• Infotainment systems will continue being the primary contributor to the growth of the automotive cyber security market on a global scale.

The automotive cyber security market refers to the market for products and services that are designed to protect vehicles and their systems from cyber attacks. This can include hardware and software solutions that are installed on vehicles, as well as services that help to monitor and protect against cyber threats.

The market for automotive cyber security is expected to grow significantly in the coming years, as the use of connected and autonomous vehicles increases and the need for cyber security measures becomes more pressing. Some of the key drivers of growth in the automotive cyber security market include the increasing prevalence of connected and autonomous vehicles, the growing number of cyber attacks targeting the automotive industry, and the increasing regulatory pressure on manufacturers to improve the cyber security of their vehicles.

Buy Report Now @ https://www.persistencemarketresearch.com/checkout/22591

Company Profiles:

Continental (Argus Cyber Security)
Guardknox Cyber Technologies Ltd.
Vector Informatik GmbH
Karamba Security
Synopsys
Upstream Security
Sectigo Limited
ESCRYPT
RunSafe Security, Inc.
Trend Micro
Harman International

Key Segments of Automotive Cyber Security Market Industry Research

Component:

Hardware
Hardware Security Modules (HSMs)
Secure Vehicle Network Gateways
Trusted Platform Modules (TPM)
Others

Software
Embedded Firewalls
Encryption & Cryptography
Biometrics & Authentication
Others

Application:
Telematics
Infotainment Systems
Powertrain Systems
ADAS & Safety Systems
Body Control Systems
Others

Vehicle:
Fuel-based Vehicles
Passenger Cars
Commercial Vehicles
Electric Vehicles
Passenger Cars
Commercial Vehicles

By Region:
North America
Latin America
Europe
East Asia
South Asia Pacific
Middle East and Africa

Contact Us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
Website - https://www.persistencemarketresearch.com

Expert analysis, actionable insights, and strategic recommendations - the Electronics, Semiconductor, and ICT team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, and ICT, of which, 100+ reports are specific for ICT, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductor, and ICT industry.

This release was published on openPR.